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Russians To Invest As Iraqi Crisis Escalates
...s investment last year in six KRG blocks, any West Qurna-1 divestment is clearly linked to worsening Iraqi energy relations (MEES, 21 November 2011). As this year has progressed, the Baghdad/Irbil oil dispute has become less local and more regional, as Arab Spring tensions and Washington’s co...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Sudan Oil Standoff Continues Despite Juba’s Increased Transit Fee Offer
...adline]. It is time for the parties to conclude an agreement,” South Sudan’s Chief Negotiator Pagan Amum told reporters on the sidelines of the talks. Since the South’s secession from Sudan on 9 July 2011, the two civil war foes have been locked in a dispute over a range of issues including the sh...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
BP Wins First Ever Israel LNG Supply Contract
...ssel and from this point, the gas starts to flow from the ship into the pipeline, and from there to the coast of Israel and into the Israel Natural Gas Lines (INGL) national transmission system. In November 2011, INGL awarded Italy’s Micoperi a $140-150mn contract to construct the offshore te...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
BP To Sign Gas Deal With Oman By September
...elds – puts it ahead of those Arab Gulf states that are struggling to do this and face gas shortages due to lack of incentives for upstream developers (MEES, 7 February 2011). Having failed to develop their sour gas fields on time, Abu Dhabi and Kuwait face importing LNG. BP Field Development Pl...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Sadara $20Bn Petrochemical Project Financing Advances
...0,000 b/d Satorp export refinery project. Sized at SR3.749bn ($1bn – MEES, 17 October 2011) it was snapped up by local investors. “That’s good because it means Sadara will not have to reinvent the wheel,” commented one expert. It is possible that the sukuk could be launched before the sponsors reach fi...
Volume: 55Issue: 31Published at Mon, 30 Jul 2012 -
Feedstock Questions Remain As Aramco, Dow Commit To ‘Largest’ Ever Petchem Project
...pire at the end of 2011. A New Environment “You know all the Saudi industrialists have looked upon this Dow deal as excellent news. Why would Dow sign for $4/mn BTU?” argues one industrialist. “I really can’t see why the Kingdom would lose its comparative advantage and destroy its industry,” he co...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Egypt Grapples To Support Energy Sector; Reshuffle Delays Musturud
...e economic relations with Egypt are deteriorating. Israel needs to search for alternative sources of energy, the minister said. State-owned Egyptian General Petroleum Corporation (EGPC) will invest $1.2bn in the current fiscal year from July 2011 to July 2012 (MEES 25 July). It intends to drill 18...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
Gulf LNG Producers Facing Greater Competition From Australia In Asia-Pacific
...sin LNG prices. Qatargas – Major LNG Contracts (as of July 2011) Date Buyer(s) Volume (Mn T/Y) Start Date Term (years) Status Ma...
Volume: 54Issue: 31Published at Mon, 01 Aug 2011 -
FDI Flows Can Boost International Economic Recovery, Says UNCTAD
...rld Investment Report 2010. Global FDI inflows declined by 16% in 2008, and fell a further 37% to $1,114bn in 2009, while outflows declined by 43% to $1,101bn. However, the study highlights a promising outlook: flows worldwide are expected to recover slightly in 2010, with a stronger recovery in 2011 an...
Volume: 53Issue: 31Published at Mon, 02 Aug 2010 -
Global Refining Capacity Expected To Expand To 2013
...10 1 160,000 Texas Port Arthur Motiva 2011 1 325,000 India Vadinar Essar Oil 2012 1 420,000 India Paradip Indian Oil Corporation 2012 1 30...
Volume: 51Issue: 31Published at Mon, 04 Aug 2008 -
Egypt’s Ambitious Budget Targets Camouflage Political Worries
...at the budget for fiscal 2007-08, which coincides with the beginning of the sixth five-year development plan (2007-08 to 2011-12), will focus on human development and putting a limit on poverty; unemployment; dealing with the disparity of income; achieving higher economic growth and a fairer di...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Gulf Power Part 2: Financing Competition Still Fierce As Global Credit Jitters Grow
...id that additional capacity will be needed from 2011. New capacity is being added via Taweelah A10 and the 'Umm al-Nar extension, which will come on-stream in 2009, and Fujairah-2, which will start up in 2010. After that an eighth IWPP, Shuweihat S2, will be developed, with the capacity to pr...
Volume: 50Issue: 31Published at Mon, 30 Jul 2007 -
Future Of Sudan’s Oil Sector Remains Uncertain Despite Political Progress
...ar al-Bashir, ending the pre-interim period agreed in January’s peace deal, and beginning the six-year interim period which is intended to end in 2011 with a referendum in the south on self-determination. On 19 July, Dr Garang dissolved the administrative structures in the south ahead of the fo...
Volume: 48Issue: 31Published at Mon, 01 Aug 2005 -
Gulf States Invest In Green Petroleum Products
...erations in Qatar. Shell’s Pearl project aims to produce 70,000 b/d of clean GTL distillates by 2009, doubling in size later, while ExxonMobil has signed a preliminary accord for a plant to produce 154,000 b/d starting in 2011. GTL “is a technology for the future,” Alex Forbes, the editor of a sp...
Volume: 48Issue: 31Published at Mon, 01 Aug 2005